I’m a new time ISA Investor, having just about settled down with a family, home, mortgage and a little cash safety net, which I’d aim to build to cover 6 months expenses which Ive read to be a sensible safety net.
I’d like to take advantage of the historically higher returns offered by investment but, having spent a week or so reading up, still very much bewildered by the options out there.
Freetrade thankfully seems fairly focused with a number of ETFs. I don’t believe it has any actively managed mutual funds. Plus no fees on trades is very attractive if I want to invest little and often.
I’d like to put away a smallish amount each month into stocks and shares with a view to having that grow, whilst also contributing to my cash savings so I have some liquidity available.
However, the information on what the ETFs offer on free trade is limited, seems to be about a Tweet Length description of what’s on offer with no analysis, although it does link to the key documents. I’d like some analysis but don’t want to spend e.g. £99 subscribing to Motley Fool (unless anyone recommends it as a good purchase?)
Would putting a regular amount into, for example, Vanguard FTSE All World Div be a sound approach?
I’d also look to make the odd individual purchase with an amount that I could afford to see diminish if it didn’t grow, e.g. BP currently crashed, but as a strong establish company is likely to rebound over the next few years?
Definitely not looking to make a living out of this, just want to see my cash work harder.
Any tips or advice most welcome!